John Hardy, Saxo Bank head of FX strategy, explains the possible reasons behind the recent rise in US rates. 

He speculates that Hillary Clinton's current success in the election polls, an expected Fed rate rise in September and the anticipated fiscal stimulus next year could be driving the rate rise.

A stronger dollar could spell interesting trades in the following dollar pairs: AUDUSD, USDCAD, USDTRY and USDZAR. 

For more information about this subject, please read John Hardys article 'US yields pushing deficit currencies lower'.